Post
Topic
Board Altcoin Discussion
Re: What is the first sign of a scam project (ico) for you?
by
thecryptoconsultant
on 25/07/2017, 12:05:30 UTC
This problem is actually quite hard to spot
Sometimes it depends on the heart, the greed of the developers
Behind the ICO projects are the 'dev'
There are dozens, hundreds of ICO projects on a daily basis
Be smart to choose yourself a best project
ICO idea:
+ Application (learning, game, health, ...)
Business model?
ICO technology
+ On which platform? (Blockchain, Etherum, Wase, ..)
Traditional
+ WEDsite
+ Blog
+ Forum
+ Advertising
+ Facebok
+ Twitter
+ Github
+ Youtube
...
Time to open sale?
Initial ICO price?
What is the Token Number?
How much capital to call? (How many tokens are sold)
Market
+ Scale
+ Object
Long-term vision (5 years, 10 years, ...)
Development team (Who are they?)
TOKEN DISTRIBUTION
+ Dev (%)
+ Bouties (%)
+ Pulic sale (5)
...

I would add to it, which Platform is it based on, I would stay away of all project that are built on top of an existing blockchain but not built on top of top 5 crypto currencies. (e.g. Next platform thats not user friendly at all).

Victor

Just out of curiosity.... What are some examples of "next platform"?  Are you referring to something like Waves?  Thanks.


I mean the next platform it is a project by itself, there is the Next coin do to stuff on the Next platform. it will switch to ardor soon. I would stay away from it for a long time. It is full of bugs